Each and every business associated with shipping will have a detailed logistics program that includes timelines and budgets. Failing to deal with demurrage can disrupt these programs, bringing about operational chaos and financial strain.A demurrage fee is often a demand imposed on cargo that stays at a port or terminal lengthier than the allotted

For Shipowners: Shipowners may also face demurrage charges if they fail to load or unload the cargo within the authorized free time. For example, if their ship is delayed resulting from port congestion or other reasons, They might be liable for paying out demurrage.It’s important to note that When the container is sitting over a chassis, an extra